About The Loonie Adventures of a Forex Noob

“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own mechanical system. Not only will I talk about FX, but I'll also share how my day went along with any currency trade updates. Hopefully, by the end of this tale, I'll be able to achieve my goal of becoming a consistently profitable foreign exchange trader.

EUR/USD

EUR/USD: 1-hour Forex Chart

With not a lot going on in the forex markets, EUR/USD was stuck in a tight range for most of the week. Luckily, the HLHB System caught the big move on Friday. If you recall, this was around the time when traders bought the dollar like there was no tomorrow before the FOMC statement was released. The HLHB caught a nice 86 pips from signal #16, which translated to a net gain of 40 pips by the end of the week. Not bad!

GBP/USD

GBP/USD 1-hour Forex Chart

Though Cable had fewer signals, it also yielded more pips than EUR/USD. See, the pound also saw relatively tight ranges against the dollar. Signals #4 and #10 were particularly helpful with their 100 and 200-pip contributions. By the end of the week the HLHB gained a net of 258 pips from Cable. Woot! Woot!

Not a bad week for the HLHB, huh? It almost makes up for the heartbreak from Brangelina’s divorce! Okay, maybe not… Let me get back to my ice cream and Mr. and Mrs. Smith rerun and let you know.

For now, it’s a waiting game until the FOMC statement! Got any trade setups you’re watching?

P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!